Aditya Birla Money (BOM:532974) LT-Debt-to-Total-Asset : 0.62 (As of Mar. 2024)

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What is Aditya Birla Money LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Aditya Birla Money's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.62.

Aditya Birla Money's long-term debt to total assets ratio increased from Mar. 2023 (0.01) to Mar. 2024 (0.62). It may suggest that Aditya Birla Money is progressively becoming more dependent on debt to grow their business.

Aditya Birla Money LT-Debt-to-Total-Asset Historical Data

The historical data trend for Aditya Birla Money's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Aditya Birla Money LT-Debt-to-Total-Asset Chart

Aditya Birla Money Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.03

0.02

0.01

0.62

Aditya Birla Money Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	-	0.58	-	0.62

Aditya Birla Money LT-Debt-to-Total-Asset Calculation

Aditya Birla Money's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	13066.565	/	21161.088
	=	0.62

Aditya Birla Money's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	13066.565	/	21161.088
	=	0.62

Aditya Birla Money (BOM:532974) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Aditya Birla Money LT-Debt-to-Total-Asset Related Terms

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Aditya Birla Money (BOM:532974) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Aditya Birla Money Ltd (BOM:532974) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

BIRLAMONEY:India

Address

Thiru-Vi-Ka (SIDCO) Industrial Estate, Sai Sagar, 2nd & 3rd Floor, Plot No. M-7, Guindy, Chennai, TN, IND, 600 032

Website

http://www.adityabirlamoney.com

Aditya Birla Money Ltd is in the business of broking and related activities. The company is engaged in various divisions such as broking, trading in securities, and others. It generates a majority of its revenue from the broking segment.

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